Roblox Corp reports bigger loss than expected
Source: Reuters
Nov 9 (Reuters) - Roblox Corp (RBLX.N) on Wednesday reported a bigger loss than expected, sending shares down 14% in premarket trading.The company's revenue grew 2% to $517.7 million in the third quarter ended Sept. 30.Roblox changed the period of estimated paying user life to 28 months from 25 months, resulting in a $111 million decrease in revenue during the reporting quarter. It also lowered costs by $25.5…
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